This title was first published in 2002: This important collection of international research on fisheries economics offers a comprehensive source of contemporary research on key topics in the field, as well as presenting the history of how the economic theory of fisheries exploitation has developed. Bringing into focus a wide range of inquiry, this volume concentrates most particularly on the traditional economic problem of optimal resource allocation. Individual papers examine fundamental issues including, the lack of efficiency of open access and the specification of exactly what dynamic efficiency entails. Fisheries Economics is an invaluable research reference collection for the libraries of academic and other professional economists, as well as an indispensable resource for those studying across the fields of natural resources, fisheries economics and particularly fisheries management.
Table of Contents
Contents: Volume I: The Basics: The economic theory of a common-property resource: the fishery, H. Scott Gordon; The fishery: the objectives of sole ownership, Anthony Scott; Some considerations of the population dynamics and economics in relation to the management of the commercial marine fisheries, Milner B. Schaefer; The economics of fishing and modern capital theory: a simplified approach, Colin W. Clark and Gordon R. Munro; The optimal exploitation of renewable resource stocks: problems of irreversible investment, Colin W. Clark, Frank H. Clark and Gordon R. Munro. Refinements: Demand Supply and Inputs: Optimization and suboptimization in fishery regulation, Ralph Turvey; Factor rents, sole ownership and the optimum level of fisheries exploitation, Parzifal Copes; Externalities, factor proportions and the level of exploitation of free access resources, J.R. Gould. Extinction: Extinction of a fishery by commercial exploitation: a note, J.R. Gould; The economics of over exploitation, Colin W. Clark. Disaggregated Models: On models of commercial fishing, Vernon L. Smith; The relationship between firm and fishery in common properties fisheries, Lee G. Anderson. Regulation: Development of economic theory on fisheries regulation, Anthony Scott; Economic and social implications of the main policy alternatives for controlling fishing effort, J.A. Crutchfield; Towards a predictive model for the economic regulation of commercial fisheries, Colin W. Clark; Individual transferable quotas: theory and practice, R. Quentin Grafton; Minimum information management in fisheries, Ragnar Arnason; Individual transferable quotas and production externalities in a fishery, John R. Boyce; A critical review of the individual quota as a device in fisheries management, Parzifal Copes; Entry restrictions in the fishery: a survey of the evidence, Ralph E. Townsend; Contracting problems and regulation: the case of the fishery, Ronald N. Johnson and Gary D. Libecap; Name index. Volume II: Extensions: Multispecies Models: Analysis of open access commercial exploitation and maximum economic yield in biologically and technologically interdependent fisheries, Lee G. Anderson; An economic analysis of the fisheries bycatch problem, John R. Boyce. International Utilization: The great fish war: an example using a dynamic Cournot-Nash solution, David Levhari and Leonard J. Mirman; The optimal management of a transboundary renewable resource, Gordon R. Munro; Fishing as a super game, RÃ¶gnvaldur Hannesson. Uncertainty: Stochastic bioeconomics: a review of basic methods and results, Peder Andersen and Jon G. Sutinen; How to set catch quotas: constant effort and constant catch, RÃ¶gnvaldur Hannesson and Stein Ivar Steinshamm; Implementing the precautionary principle in fisheries management through marine reserves, Tim Lauck, Colin W. Clark, Marc Mangel and Gordon R. Munro; Marine reserves: what would they accomplish?, RÃ¶gnvaldur Hannesson. Beyond the Schaeffer Model: Beverton-Holt model of a commercial fishery: optimal dynamics, Colin Clark, Gordon Edwards and Michael Friedlaender; Bioeconomics of spatial exploitation in a patchy environment, James N. Sanchiro and James E. Wilen. Schooling Species: The dynamics of an open access fishery, Trond BjÃ¸rndal and Jon M. Conrad; The optimal management of North Sea herring, Trond BjÃ¸rndal. The Share System: The share system in open-access and optimally regulated fisheries, Lee G. Anderson. Recreational Fisheries: Bioeconomic models of marine recreational fishing, Kenneth E. McConnell and Jon G. Sutinen; Toward a complete economic theory of the utilization and management of recreational fisheries, Lee. G. Anderson. Analysis of Management Agencies: The economics of fishery law enforcement, Jon G. Sutinen and Peder Andersen; Optimal governing instrument, operational level and enforcement in natural resource regulation: the case of the fishery, Lee G. Anderson and Dwight R. Lee; A model of regulated open access use, Francis R. Homans and James E. Wilen. Applications: Property rights and efficiency in the oyster industry, Richard J. Agnello and Lawrence P. Donnelley; Production economics and optimal stock size in a North Atlantic fishery, Trond BjÃ¸rndal; Optimal timing of harvest for the North Carolina bay scallop fishery, Robert L. Kellogg, J.E. Easley Jr and Thomas Johnston; A bioeconomic model of the Pacific whiting, John M. Conrad; Assessing efficiency gains from the individual transferable quotas: an application to the mid-Atlantic surf clam and ocean quahog fishery, Quinn Weninger; Bioeconomic analysis of alternative selection patterns in the United States Atlantic silver hake fishery, E.M. Thunberg, T.E. Hesler and R.K. Mayo; Name index.
Lee G. Anderson is Professor of Economics at College of Marine Studies, University of Delaware, Newark, USA and President-elect of the International Institute of Fisheries Economics and Trade